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MassMutual
MassMutual
5,001 – 10,000 Employees
FinanceFintechInsurance
MassMutual is a financial services and insurance company that helps individuals, businesses, and financial professionals plan for long-term financial security. Its offerings include life, disability income, and long-term care insurance, along with annuities, investment products, retirement planning, brokerage services, and financial planning tools. Founded in 1851, the company combines insurance protection with wealth and retirement solutions, while highlighting financial strength, responsible governance, sustainability, diversity, and community impact. Its broad business supports teams working across insurance, finance, fintech, investment services, and related corporate functions.
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Director, Investment Controllership - Derivatives (GAAP and Statutory) | MassMutual Hybrid

Lead derivative investment controllership at MassMutual, overseeing statutory and GAAP accounting across insurance and non-insurance entities. Drive reconciliations, controls, analytics, process improvements, and team development.

USUnited StatesMAMassachusettsNYNew York
$137,800 – $180,800 / year
HybridFull-timeLeadEnglish RequiredController
SQL

Description

  • Lead derivative investment accounting and controllership across insurance and non-insurance entities
  • Maintain accurate GAAP and statutory investment results across derivative strategies
  • Advance processes supporting a faster, timely, accurate, and complete accounting close
  • Foster a team environment that encourages engagement, learning, and professional growth
  • Build an inclusive, collaborative culture across Investment Management Operations, Investment Managers, and Controller teams
  • Oversee monthly derivative reconciliations between the general ledger and investment systems
  • Review monthly analytics and communicate findings to stakeholders
  • Validate footnotes and NAIC Schedule DB for accuracy and timely completion
  • Lead derivative process redesign and improve analytics for quarterly reporting
  • Support new hedging strategies and changes in accounting standards
  • Partner with Accounting Policy on GAAP and statutory accounting conclusions
  • Work with the Investment Middle Office to develop subledger operating processes
  • Manage derivative accounting, controllership activities, and related controls
  • Act as the primary contact for external auditors on derivative accounting matters
  • Perform controls required by the NAIC Model Audit Rule and MassMutual’s internal control framework
  • Conduct ad hoc analysis and contribute to special projects

Requirements

  • Bachelor’s degree
  • At least eight years of progressive investment accounting or investment operations experience, including derivatives
  • Foundational knowledge of upstream processes and their downstream accounting and controllership effects
  • At least three years of insurance investment accounting experience covering both GAAP and statutory reporting, including Schedule DB
  • At least two years managing direct reports, or five years of informal leadership through colleague guidance, coaching, and support
  • Strong communication abilities
  • Excellent analytical, written, and verbal communication skills
  • Ability to perform effectively in a complex, fast-moving, dynamic, agile, and changing environment
  • Experience working with varied investment types and structures
  • Background in system conversions or subledger implementations
  • Ability to develop and sustain effective relationships across cross-functional teams
  • CPA, CFA, CMA, or comparable professional designation preferred
  • Aladdin and SQL experience is a plus

Benefits

  • Competitive compensation
  • Incentive and bonus opportunities
  • Bonus target or variable incentive compensation for sales-focused positions
  • Learning, development, and internal networking opportunities
  • Employee-led communities and forums that promote connection, learning, and inclusion
  • Industry-leading pay and benefits
  • Inclusive, energetic, and diverse workplace culture
  • Support with accommodations during the application process

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